Former Rabobank VP admits scheme that allowed money laundering at Imperial County branches

Jan 10, 2018

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January 6 2018

California subsidiary of the Netherlands-based Rabobank announced this month it plans to plead guilty in connection with a long-running investigation into the bank’s anti-money laundering program. The news comes just weeks after a former bank vice president admitted in San Diego federal court to turning a blind eye to suspected drug money flowing through Imperial Valley branches.

The case against George M. Martin, a vice president of Rabobank National Association and the bank’s anti-money laundering investigations manager, foreshadows the larger U.S. Department of Justice investigation into Rabobank and implicates other unnamed high-level personnel.